Weekly Report 1.18-1.22–Yantai Oriental 2

NICKEL NEWS

Nickel Trend: The three-month futures price of nickel on the London Metal Exchange (LME) surged by US$173/ton on January 21, closing at US$18,395/ton, and the spot price also soared by US$178/ton to US$18,349.5/ton. The average nickel price of this month has reached US$17,825/ton, higher than the US$16,823/ton in December 2020.Finally, nickel price increased 100USD in this week, closing at US$18,205/ton. Reason: According to market participants, the US dollar fell for 4 trading days in a row, the US employment data had a better performance, and China’s stainless steel prices continued to rise, so the nickel price surged again. The short-term nickel prices were expected to move steadily.

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Daily Nickel Trend (22nd , October– 22nd , January)
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Monthly Nickel Trend (November, 2015 – January, 2021)

STEEL NEWS

INDONESIA: The new stainless steel production integration project with an annual capacity of 2.5 million tons invested by China’s Xiangyu Group in Indonesia has reached the production target of its steel mills and ferronickel plants under the strict control of the COVID-19 epidemic. This project can not only reduce production costs by 20%-30% but also form a stable international supply chain. The project was expected to be fully operational this year, with an annual output value expected to exceed RMB 30 billion.

COLD ROLLED PRICES

TISCO :

304 2B, Slit Edge, 2.0MM – 3.0MM * 1219/1500MM *C, FOB CHINA:
2340USD/MT; (Offered Sizes: Thickness 0.3MM – 3.0MM)
430 2B, Slit Edge, 2.0MM – 3.0MM * 1219/1500MM *C, FOB CHINA:
1480USD/MT; (Offered Sizes: Thickness 0.3MM – 3.0MM)

HONWGANG:

201J1, 2B, Mill Edge, 0.85-2.5MM *1240MM *C, FOB CHINA: 1330USD/MT; (Offered Sizes:0.25MM -3.0MM)
201J2, 2B, Mill Edge, 0.85-2.5MM *1240MM *C, FOB CHINA:
1280USD/MT; (Offered Sizes:0.25MM -3.0MM)

LISCO:

430 2BA Mill Edge 1.5-2.0MM *1219MM *C FOB CHINA:
1425USD/MT (Offered Sizes:0.3MM -3.0MM)

HOT ROLLED PRICES

TISCO:
304 NO.1, MILL Edge, 2.5MM -10.0MM *1219/1500/1524MM *C, FOB
CHINA: 2280USD/MT; (Offered Sizes: Thickness 2.0MM – 16.0MM)
ESS:
304 NO.1, MILL Edge, 4.0MM -6.0MM *1500MM *C, FOB CHINA:
2205USD/MT; (Offered Sizes: Thickness 4.0MM – 16.0MM)

DELONG:
304 NO.1, MILL EDGE, 3.0-10.0MM *1240MM *C, FOB CHINA:
2205USD/MT;

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